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Nov 30, 2012
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 30, 2012
11/12
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something fishy going on in california's malls. chain of caviar vending machines has sprung up in three l.a. shopping centers. the owner of the machine says she hatched the idea to attract a younger crowd to the caviar market because what goes better with holiday shopping than a $500 can of salty fish egg whites? >> right. >> a caviar guy. >> no i'm not. >> you are. you look like it. >> come on. you got caviar written all over you. >> no. >> saturday night at the white house. >> all right. when halftime returns we're waiting for the house speaker to make some comments shortly regarding the fiscal cliff and we'll take you into that room live when john boehner appears. also a stunning month for facebook. shares are up nearly 30%. you buy the rally. we got some answer frs a top wall street analyst. we'll hear from two d.c. insiders from opposite sides of the aisle. doug holtz eakin, harley davidson fo davidson -- harold ford jr. will square off on the fiscal cliff when we come back. [ abdul-rashid ] i've been working since i was about
something fishy going on in california's malls. chain of caviar vending machines has sprung up in three l.a. shopping centers. the owner of the machine says she hatched the idea to attract a younger crowd to the caviar market because what goes better with holiday shopping than a $500 can of salty fish egg whites? >> right. >> a caviar guy. >> no i'm not. >> you are. you look like it. >> come on. you got caviar written all over you. >> no. >> saturday...
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Nov 6, 2012
11/12
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plus the balance of power on capitol hill. and social media has played a huge role in this campaign season so it is sure to be a popular place tonight. you can join the conversation and tweet us, follow our coverage on twitter. this is just the beginning of our coverage tonight. >> it will be big. we have a great lineup of guests tonight including iowa governor terry branstad and chairman and national bureau of economic research president marty feldstein. and then we have former chairman and obama fundraiser robert wolf. later former new jersey governor. and then we have jim cramer with his take on tonight's election and ask what the results mean for various sectors and find out how he thinks you should be positioning your portfolio. >> we all understand the national polls would show obama and romney in a virtual dead heat. tonight it will come down to swing states. scott cohn is in columbus. >> no republican has ever won the white house without winning ohio which explains why mitt romney has been here twice in the last 24 hou
plus the balance of power on capitol hill. and social media has played a huge role in this campaign season so it is sure to be a popular place tonight. you can join the conversation and tweet us, follow our coverage on twitter. this is just the beginning of our coverage tonight. >> it will be big. we have a great lineup of guests tonight including iowa governor terry branstad and chairman and national bureau of economic research president marty feldstein. and then we have former chairman...
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Nov 14, 2012
11/12
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i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal cliff and your taxes. find how much they could go up if we go over that cliff. later, yesterday he sat down with president obama and other labor leaders. today he sits down with national education association dennis van roekel joins us to talk about the cliff. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's
i don't think you're at value at $21, $22. if this drops substantially maybe we have a different discussion in six months. but at these levels the question, can it justify its growth rate? we're struggling to believe that how they're pushing advertising and advise investors to be selling at these levels not buying. >> rich, thank you very much. rich greenfield joining us. we had two bulls on facebook who thought it would rise substantially and a bear. >>> still to come the fiscal...
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Nov 29, 2012
11/12
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winning numbers 5, 16, 22, 23, 29 and the power ball was 6. if winners elect to at that time one time cash payout, they'll split the $380 million pot. stick around. still to come on the program, two of the world's top miners say they have to tighten their belts in order to sustain growth into 2013. more on how they plan to do that next. #. >>> the ldp continues to maintain its lead in the latest opinion polls. these out just two weeks ahead of elections. the hawkish restoration party is also still in second place and the dpj in third. today ldp president said tokyo and the boj should work together to achieve a 2% inflation target. and the restoration party has reportedly vowed to cut corporate income taxes. two of japan's top high tech firms have decided to join forces in a bid to power up overseas rivals. more live from tokyo. in respect. >>> there will be a joint venture by january 2014. the integration will cover gas turbines and power systems mainly for thermal power plants as well as business but it will not include nuclear power operatio
winning numbers 5, 16, 22, 23, 29 and the power ball was 6. if winners elect to at that time one time cash payout, they'll split the $380 million pot. stick around. still to come on the program, two of the world's top miners say they have to tighten their belts in order to sustain growth into 2013. more on how they plan to do that next. #. >>> the ldp continues to maintain its lead in the latest opinion polls. these out just two weeks ahead of elections. the hawkish restoration party...
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Nov 26, 2012
11/12
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germany is back in that 22%, 23%, that we would kill for. i don't think europe is as big an issue anymore. i don't. i do think fiscal cliff momentum has stalled. you needed to have nonstop momentum on this issue. i just didn't get the sense of anything happening. >> we definitely flattened out today. you read some of what buffett is saying in the times and corker in "the washington post." there's no clear signal they're moving actively toward each other these two sides. that said, if greece gets the payment, does the market not get a bounce here? >> i think the market bounces if we get a frame work on fiscal cliff i think we go to -- i'm going to use a term that you're going to say is hyperbole which is we take out the highs for the year. >> 3% from year? >> not a bad fourth quarter. it will cause a lot of hedge funds who decided to lock in. they sold at 19% decline last year in september and october. they said we'll lock in 6% to 8%. that guy is going to lose the money in january. i want that money back. if he only did 6% to 8%. >> the dece
germany is back in that 22%, 23%, that we would kill for. i don't think europe is as big an issue anymore. i don't. i do think fiscal cliff momentum has stalled. you needed to have nonstop momentum on this issue. i just didn't get the sense of anything happening. >> we definitely flattened out today. you read some of what buffett is saying in the times and corker in "the washington post." there's no clear signal they're moving actively toward each other these two sides. that...
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Nov 28, 2012
11/12
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northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to you. >> that is a waste. that should be over colorado and it should be -- >> exactly. >> so we had snow yesterday. last year we had snow early, it was like halloween and then we never got anymore. did the snow we had yesterday seem more typical? any idea about whether that portends that we have some snow this year on the east coast? >> last year it was like we used it all up early. we said okay, here we go, it's going to be a huge winter and nothing. we're looking at the long range forecast right now, it's all warm for most of the country. there are no big snowstorms at least for two or three weeks. >> but we don't know overall. >> beyond that, it gets fuzzier. >> you can't do like bill murray and blow all that stuff over to colorado. 20 inches of rain. th
northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to you. >> that is a waste. that should be over colorado and it should be -- >> exactly. >> so we had snow yesterday. last year we had snow early, it...
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Nov 12, 2012
11/12
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the gang of six plan is another one that's kicking around on capitol hill. that changes tax deductibility of health, charitable giving, home ownership and retirement. they would call on congress to pass broad tax reform that would lower rates and broaden the base and then there's the grand bargain negotiation. this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied
the gang of six plan is another one that's kicking around on capitol hill. that changes tax deductibility of health, charitable giving, home ownership and retirement. they would call on congress to pass broad tax reform that would lower rates and broaden the base and then there's the grand bargain negotiation. this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the...
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Nov 27, 2012
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you hear people saying the job creators and small business, vernon hill was the way you got a loan. if he's worried, i'm worried. >> how do you have him and buffett at the same time saying opposed things about this country. >> i never like to go against warren buffett. some say vernon hills bank had regulator problems in philadelphia. i just know that one guy is boots on the ground and other guy is boots in omaha. i think there's a difference. omaha very wealthy area by the way. >> speaking of banks and future for banks, where does the fiscal cliff fit in? stick around for santelli's live interview with sheila bair. up next -- ♪ >> coming up, jim cramer is rested. jim cramer is revved up. jim cramer is ready. six stocks in 60 seconds when "squawk on the street" returns. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the wo
you hear people saying the job creators and small business, vernon hill was the way you got a loan. if he's worried, i'm worried. >> how do you have him and buffett at the same time saying opposed things about this country. >> i never like to go against warren buffett. some say vernon hills bank had regulator problems in philadelphia. i just know that one guy is boots on the ground and other guy is boots in omaha. i think there's a difference. omaha very wealthy area by the way....
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Nov 5, 2012
11/12
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dow off 22, nasdaq, as well. bowieing and kuwaiti leasing company finalizing an order for max 8s, valued at $2 billion current list prices. the deal first announced in july. >> and now to the forecast and the likely hood of a nor'easter actually hitting the new york area later this week. danielle banks jonan joining us. there are a lot of questions in terms of the winds and the shore areas. what can you you tell us at this point? >> absolutely. we understand of course the key concern. and normally a lot of folks if they heard nor'easter across, you know, these parts of the country this time of the year, they probably wouldn't blink twice about it. but given the circumstances of sandy, we understand the concerns. so here is the storm system we're looking at that will eventually move off to the eastoff the course of today heading in to tomorrow. this is going to mean wet weather across energy, south carolina, north florida for election day. and then that storm system starts to jog up the coastline. so here across t
dow off 22, nasdaq, as well. bowieing and kuwaiti leasing company finalizing an order for max 8s, valued at $2 billion current list prices. the deal first announced in july. >> and now to the forecast and the likely hood of a nor'easter actually hitting the new york area later this week. danielle banks jonan joining us. there are a lot of questions in terms of the winds and the shore areas. what can you you tell us at this point? >> absolutely. we understand of course the key...
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Nov 9, 2012
11/12
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the dow up 22. s&p's getting p 6.5 back at 1384. a lot's going on. 6 reporting revenue that came in. revenue coming in higher. and disney, the biggest loser on the dow, the stocks taking the biggest fall in more than a year after reporting fourth quarter sales missing estimates. declines in film revenue and ab cnet work tooising did hurt. priceline buying kayak.com for nearly $2 billion. the ceo ll join us wise. and jcp. is the penny turnaround in serious trouble here? more pain for groupon. failed to meet expectations in the quarter. we're going to discuss whether a leadership change is what they really neat to get back on track. the markets hoping for clarity. we're going to tell you about that. >>> in a few moments john boehner will be speaking on the fiscal cliff. we'll bring you those comments as soon as he begins speaking. first those, a cnbc exclusive. jeff, welcome back. always good to have you. >> thanks very much. >> deals being seen -- i think being applauded pretty much across the board. how long have you had your eyes o
the dow up 22. s&p's getting p 6.5 back at 1384. a lot's going on. 6 reporting revenue that came in. revenue coming in higher. and disney, the biggest loser on the dow, the stocks taking the biggest fall in more than a year after reporting fourth quarter sales missing estimates. declines in film revenue and ab cnet work tooising did hurt. priceline buying kayak.com for nearly $2 billion. the ceo ll join us wise. and jcp. is the penny turnaround in serious trouble here? more pain for...
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Nov 13, 2012
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if you go 19 down 22, down 26, down 35, down 40, we're done. there's no ceo in the world who is going to let that happen and if that's not working we're going to make changes. we're not going to blow through all the cash of the company until it's at zero. >> would you change the marketing strategy? look i look at what you're doing and i've talked to another number of analysts and investors what you're doing strategically may make sense ultimately but the marketing and promotion and the way this has been approached has been all wrong in that it's come too soon and too fast. >> okay. >> meaning you've advertised you have this whole new fancy store and most people who walk into the store don't see the fancy store. >> we haven't advertised the fancy store. >> you've gotten rid of the promotions and coupons that got people into the store. >> ron johnson is not like no promotion and it's not working and i'm not making changes. >> you're doing a promotion for christmas. will there be more promotions in 2013? >> i suspect there will be. >> he has to go
if you go 19 down 22, down 26, down 35, down 40, we're done. there's no ceo in the world who is going to let that happen and if that's not working we're going to make changes. we're not going to blow through all the cash of the company until it's at zero. >> would you change the marketing strategy? look i look at what you're doing and i've talked to another number of analysts and investors what you're doing strategically may make sense ultimately but the marketing and promotion and the...
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Nov 17, 2012
11/12
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it's kind of a catch 22, who is going to stop and when, anderson? >> sara, stand by. i want to bring in ben wedeman, who has experience in the region. tonight he is in the israeli town of ashkelon, that has been hit repeatedly by rocket fire, and also the jerusalem bureau chief for "the new york times" is in gaza city and joins us by phone. what are you seeing and what are you hearing? >> reporter: what we are seeing here is that the town is pretty much deserted, not a lot of people out and about although earlier we were next to a sushi restaurant where there were a fair amount of customers. we spoke to the mayor who talked about the difficulties of trying to manage a town of more than 100,000 people living under these conditions and we spoke to one resident here who interestingly enough said he was happy that rockets were fired from gaza into near jerusalem and tel aviv. he said finally. other israelis outside of this area around gaza are getting a feel, getting a taste of what it's like to live under the threat of rockets. so certainly here in ashkelon, you have rea
it's kind of a catch 22, who is going to stop and when, anderson? >> sara, stand by. i want to bring in ben wedeman, who has experience in the region. tonight he is in the israeli town of ashkelon, that has been hit repeatedly by rocket fire, and also the jerusalem bureau chief for "the new york times" is in gaza city and joins us by phone. what are you seeing and what are you hearing? >> reporter: what we are seeing here is that the town is pretty much deserted, not a lot...
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Nov 16, 2012
11/12
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going on outside an oakland, california, facility. this is certainly boiling the blood of a lot of people, those hostess cakes. >> so the company makes this announcement today. walk me through what happens next. >> okay. what hostess has done is asked for access to $75 million to fund this windown, and that includes money to pay off its employees it needs for liquidation and it will keep the distribution lines open long enough to get the last remaining product out to the stores so you still have your shot of getting those twinkies and keeping them on your shelf for a while. the brands by the way could survive because you have to believe that some big food maker will sort of ride in and go ahead and take over and go ahead and buy these brands at auction if they could be interested in them but consumers are bracing for the end of the twinkie. would you believe it, carol, i already saw some boxes of twinkies show up on ebay but you know the good thing is with this stuff, they have a 20-year shelf life. if you catch a few boxes, you can h
going on outside an oakland, california, facility. this is certainly boiling the blood of a lot of people, those hostess cakes. >> so the company makes this announcement today. walk me through what happens next. >> okay. what hostess has done is asked for access to $75 million to fund this windown, and that includes money to pay off its employees it needs for liquidation and it will keep the distribution lines open long enough to get the last remaining product out to the stores so...
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as for the power company in this case con-ed, there's a catch 22. they won't turn on the power until homeowners get their houses inspected for potentially lethal wiring damage but electricians are hard to come by and the company isn't providing any. a company spokesman saying quote, utility companies like con edison don't have electricians. the people have to do that on their own. it's their home, their property, their equipment. this is a safety measure. nick camarota and his wife dianne join us from staten island. they are living along with their kids without power in a house heated only by propane stoves. i appreciate both of you being with us. you don't have power, you don't have gas. what are authorities saying to you? is there a plan to help? have you heard from them? >> yes. i just had the plumber come in to do -- look around. he says that everything that i did with the boiler to get it up and running as fast as i could was perfect. he would okay it. once we had power and gas restored. my meter, i only had -- my meter wasn't under water. my p
as for the power company in this case con-ed, there's a catch 22. they won't turn on the power until homeowners get their houses inspected for potentially lethal wiring damage but electricians are hard to come by and the company isn't providing any. a company spokesman saying quote, utility companies like con edison don't have electricians. the people have to do that on their own. it's their home, their property, their equipment. this is a safety measure. nick camarota and his wife dianne join...
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Nov 13, 2012
11/12
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hindus make up 22% of the population. one of our ireport sent us this image of actors dressed up to tell the story of good and how to conquered evil, key stories celebrated during the five-day festival. >>> i'm suzanne malveaux. we are waiting the white house briefing. reporters gathering there. jay carney will take questions clearly on any foengs cabinet shakeups and the scandal that has shaken up washington as well. talking about another high-ranking military officer caught up in a scandal that brought down former cia director general david patreaus. talking about john allen under military investigation for allegedly sending inappropriate e-mails to jill kelley. now she's the woman whose complaints led to the resignation of patreaus. general allen is the top u.s. commander in afghanistan. nominated to become nato supreme commander. he has denied any wrongdoing. so, how are these people linked in this scandal? we'll walk you through this. general patreaus resigned after admitting to have an extramarital affair with his b
hindus make up 22% of the population. one of our ireport sent us this image of actors dressed up to tell the story of good and how to conquered evil, key stories celebrated during the five-day festival. >>> i'm suzanne malveaux. we are waiting the white house briefing. reporters gathering there. jay carney will take questions clearly on any foengs cabinet shakeups and the scandal that has shaken up washington as well. talking about another high-ranking military officer caught up in a...
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Nov 29, 2012
11/12
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if you have not checked the winning numbers are 5, 16, 22, 23, 29 and a powerball of 6. victor blockwell is in mapleton, georgia, just outside of atlanta. didn't i say missouri and arizona? what are you doing there? >> well, i didn't win apparently. i put a few into the pool and we didn't even get $4 for hitting one number. i shouldn't be surprised. the odds of hitting the jackpot are 1 in 175 million. you have a better chance of walking up to a random woman in america and guessing her name correctly. as someone who's walked township a stranger and tried to guess the name as part of a lame pick-up line it's tough to do. you're always wrong. but you can't blame someone for at least trying to win the powerball jackpot. it was the largest and the second largest in history. that was $656 million in march. at the peak there were hundreds of thousands of tickets sold across the 42 powerball states. why did the jackpot get so large? in this specific case there was no winner for 16 draws. two months it rolled over and over. we know this was part of a strategy from powerball to i
if you have not checked the winning numbers are 5, 16, 22, 23, 29 and a powerball of 6. victor blockwell is in mapleton, georgia, just outside of atlanta. didn't i say missouri and arizona? what are you doing there? >> well, i didn't win apparently. i put a few into the pool and we didn't even get $4 for hitting one number. i shouldn't be surprised. the odds of hitting the jackpot are 1 in 175 million. you have a better chance of walking up to a random woman in america and guessing her...
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Nov 29, 2012
11/12
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hearing you right now and hearing the clips of the other republicans, there's no difference in the end goal. you want entitlement reform, tax reform and spending control. your idea is curious. let's give the democrats everything they want and then hope they come back in good faith later to negotiate on the things we want. doesn't that seem what you're asking for? >> i would disagree with you 100% on that. we have lots of leverage in this negotiation. nobody wants spending cuts, particularly democrats on t-- americans should never be used as leverage in a negotiation. if they are leverage it's democratic leverage in this case, not republicans. it's the president. it's the democrats that are making the point your taxes are all going to rise in 30 days. i don't see this as quote our leverage in this discussion. why not just do the right thing? we know at the end of the day neither side wants to raise taxes on the average american. let's just do that now and continue our discussion and debate. but there's plenty of leverage in terms of spending on our side. >> congressman it's ryan lizza.
hearing you right now and hearing the clips of the other republicans, there's no difference in the end goal. you want entitlement reform, tax reform and spending control. your idea is curious. let's give the democrats everything they want and then hope they come back in good faith later to negotiate on the things we want. doesn't that seem what you're asking for? >> i would disagree with you 100% on that. we have lots of leverage in this negotiation. nobody wants spending cuts,...
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Nov 30, 2012
11/12
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prop 22 in the year 2000 here in california that defined marriage as between -- existing only between a man and a woman. that was 60-40, okay? then in 2008, when this was on the ballot, it was 51-49 -- or 52-48 in favor of proposition 8. yet i think that what we've been doing is once you get to the hearts and minds and educate people, you change people's minds. and when they see their neighbors sharing life together, they understand that same-sex couples, you know, the world's not going to come to an end if someone gets married. they have the same concerns, educating their kids, putting food on the table as everybody else does, as straight couples do. and i think you see people's minds being changed and there's no doubt i believe we're on the right side of history and if you put it to referendum now here in california i think would you see the numbers reversed. >> i think there's definitely four or five people on the supreme court who agree with you, but then i think there's about four or five people on the supreme court who don't, so this is going to be just fascinating and we're goi
prop 22 in the year 2000 here in california that defined marriage as between -- existing only between a man and a woman. that was 60-40, okay? then in 2008, when this was on the ballot, it was 51-49 -- or 52-48 in favor of proposition 8. yet i think that what we've been doing is once you get to the hearts and minds and educate people, you change people's minds. and when they see their neighbors sharing life together, they understand that same-sex couples, you know, the world's not going to come...
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Nov 27, 2012
11/12
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again, what we'll probably hear over the next 35 days, certainly coming out of capitol hill, will be a lot of strong hyperbole. the fact of the matter is they do have to reach some sort of a deal. >> when he says that they're willing to do nothing, i think is it fair to say that if the republicans have stepped out of their comfort zone that maybe each side is taking teeny-weeny baby steps toward the middle or is that an overstatement? >> i thk you're right on that. and the fact of the matter is there's going to have to be compromise on both parts. it's not just one party that can compromise. in fact, yesterday, during the white house briefing jay carney was asked specifically about what's happening with the fiscal cliff, and this is what he had to say. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. it's simply -- we haven't seen a proposal that achieves that. a realistic proposal that achieves that. >> and there you had jay carney yesterday talking about tax rates there. that basically what it comes down t
again, what we'll probably hear over the next 35 days, certainly coming out of capitol hill, will be a lot of strong hyperbole. the fact of the matter is they do have to reach some sort of a deal. >> when he says that they're willing to do nothing, i think is it fair to say that if the republicans have stepped out of their comfort zone that maybe each side is taking teeny-weeny baby steps toward the middle or is that an overstatement? >> i thk you're right on that. and the fact of...
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Nov 27, 2012
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kyung lah reports. >> reporter: a 22-year veteran of the belle police force james cochran is reminded of the corruption that crushed his town at every turn he takes. boarded up buildings and vacant homes and lots, and storefront after storefront for lease, but nowhere is a reminder more stark than his own police station, where he says his former police chief was there for only one reason, greed. >> he was here for his personal gain. he was not here to better the community. certainly not here to better us. >> he's talking about former police chief randy adams pulling in a whopping $457,000 a year for a police force with only 30 officers, way more than top cops in neighboring los angeles, chicago or even new york. cash put in his pocket by a city manager and others who were paying themselves inflated salaries. the city manager taking home more than a million dollars. >> yeah, you! >> reporter: this was the reaction when the public found out. outrage, anger boiled over. prosecutors nabbed eight city leaders saying they used public funds like a personal piggy bank looting the working clas
kyung lah reports. >> reporter: a 22-year veteran of the belle police force james cochran is reminded of the corruption that crushed his town at every turn he takes. boarded up buildings and vacant homes and lots, and storefront after storefront for lease, but nowhere is a reminder more stark than his own police station, where he says his former police chief was there for only one reason, greed. >> he was here for his personal gain. he was not here to better the community. certainly...
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from lawmakers on the hill. we're going to speak to kansas republican representative but right now i'm joined by the senior whip of the house democratic caucus, texas congresswoman sheila jackson lee. very nice to see you. thank you for being with us this morning, congresswoman. >> good morning. so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position on november 6th, 2012. but he is not in any way hesitant to negotiate. $2.4 trillion were the bush tax cuts that resulted in this enormous deficit, because in the 199os, we had a $5.6 trillion surplus. what the president is trying to do
from lawmakers on the hill. we're going to speak to kansas republican representative but right now i'm joined by the senior whip of the house democratic caucus, texas congresswoman sheila jackson lee. very nice to see you. thank you for being with us this morning, congresswoman. >> good morning. so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as...
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in fact, it's even been banned in california. and now there are claims that it is entirely a scam. >> in another exercise, a man had to break through a human barricade that i was a part of in order to seize two oranges that were meant to symbolize his testicles. he was then frenetically instructed to squeeze the juice and drink from them and put the oranges in his pants in order to represent gaining his testicles. the symbolic absence of them supposedly being a cause of his homosexuality. in retrospect, these practices fall on a range between absurd to disturbing. >> that was one of the plaintiffs in this case. and joining me now is cnn's alan duke, who's written extensively on this. who's involved in this lawsuit? and what are the claims that are being made? >> michael ferguson, who you saw, was 19 when he underwent this reparative therapy or conversion therapy at jona, a new jersey-based organization, that offers this. and there were three others. two were 17 when they started. their parents joined or at least their moms joined
in fact, it's even been banned in california. and now there are claims that it is entirely a scam. >> in another exercise, a man had to break through a human barricade that i was a part of in order to seize two oranges that were meant to symbolize his testicles. he was then frenetically instructed to squeeze the juice and drink from them and put the oranges in his pants in order to represent gaining his testicles. the symbolic absence of them supposedly being a cause of his homosexuality....
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hostess has 30 plants in 22 states, so this is a long process. it's not an easy thing to accomplish. the ceo gregory rayburn did rule out a bonus for himself, by the way, which doesn't always happen and, you know, there are other workers that aren't going to be left completely out in the cold. about 3,000 employees are also going to get some help winding down the company and they'll get extra, you know, money for, you know, a little bit of their work in addition to those salaries. but naturally, you know, obviously, there are thousands of workers out there that are going to lose their jobs and for them, it's no comfort whatsoever. you're right -- it's not fair on a lot of levels. >> yeah. a little bit of a slap in the face to all those people who will find themselves unemployed shortly. >>> well, speaking of, we've heard that there are more than 100 buyers interested in scooping up hostess, does it look like the twinkie may live to see another day, possibly? >> oh, yeah. absolutely. this may not be the end of the twinkie or the snowball which i h
hostess has 30 plants in 22 states, so this is a long process. it's not an easy thing to accomplish. the ceo gregory rayburn did rule out a bonus for himself, by the way, which doesn't always happen and, you know, there are other workers that aren't going to be left completely out in the cold. about 3,000 employees are also going to get some help winding down the company and they'll get extra, you know, money for, you know, a little bit of their work in addition to those salaries. but...
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often people put out -- you've done 22 greatest hits albums. 22, that's just greatest hits albums. that's not even all the albums. it's like 37 albums overall. is it an ownership issue? syndy lauper was saying the way to own it is to rerecord them. >> that is the only way to own them. they're really mine now. >> which one is your favorite? if you had to pick one song, which one? >> i can't. >> oh, come on. >> i really can't. >> every artist says the same thing. >> it's difficult when you look at every single record that's successful, how are you going to choose one over the other? they're like my children. these are my babies. >> you worked with great songwriters and for decades. what is that process like? are you part of shaping and kind of understanding what works for you and what they write? >> whatever they send for me to record and if i feel it's something i want to say or could give justice to, i will accept it. if i don't, they get it back. >> classic music, i always use this test. what will we play at family reunions in 20 or 30 years? and do you talk to artists today and s
often people put out -- you've done 22 greatest hits albums. 22, that's just greatest hits albums. that's not even all the albums. it's like 37 albums overall. is it an ownership issue? syndy lauper was saying the way to own it is to rerecord them. >> that is the only way to own them. they're really mine now. >> which one is your favorite? if you had to pick one song, which one? >> i can't. >> oh, come on. >> i really can't. >> every artist says the same...
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way to go, man. 30-22. eagle quarterback michael vick had to sit out of the game because he's still recovering from a recent concussion. ahead on "starting point," more republican lawmakers breaking with grover norquist on that pledge not to raise taxes. could there be a political backlash? next hear from one senator who signed the pledge, pat toomey of pennsylvania. >> and after a record-breaking holiday shopping weekend, how did retailers fare on cyber monday. the staggering numbers ahead. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically.
way to go, man. 30-22. eagle quarterback michael vick had to sit out of the game because he's still recovering from a recent concussion. ahead on "starting point," more republican lawmakers breaking with grover norquist on that pledge not to raise taxes. could there be a political backlash? next hear from one senator who signed the pledge, pat toomey of pennsylvania. >> and after a record-breaking holiday shopping weekend, how did retailers fare on cyber monday. the staggering...
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reaction was swift after today's meetings on capitol hill. neither side seems ready to give up on the game of finger pointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. i got to tell you, i'm disappointed in where we are, and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business, and i'm here seriously trying to resolve it, and i would hope the white house would get serious as well. >> i don't understand his brain so you should ask him. it's been weeks, at least two weeks, since we met at the white house and we're still waiting for a serious offer from the republicans. >> let's bring in minnesota congressman keith ellison, who was just re-elected as co-chair of the progressive caucus. there are reports out there right now that a deal may be taking shape that involves $400 billion, maybe even more, in what they call entitlement cuts over ten years, mostly from medicare. the progressive caucus, you're the chair
reaction was swift after today's meetings on capitol hill. neither side seems ready to give up on the game of finger pointing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. i got to tell you, i'm disappointed in where we are, and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business, and i'm here seriously trying to resolve it, and i would hope the white...
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now here in california, amazon is building two giant warehouses. including this one near los angeles. it is a million square feet, and for the old-fashioned retailers, it is another reason to worry. why? because amazon's goal is to get items to customers faster and to be able to offer same day delivery. that's right. you can avoid stores if you want, and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates distribution centers, and facilities on their turf locally, that takes away the one advantage we see retailers have left to compete against amazon. so it is a big deal. >> reporter: internet analyst colin sebastian says that means retailers need to up their game. >> retailers need to take a lesson from amazon. they need to focus on the consumer experience. they need to become more sophisticated both offline and online. >> reporter: those who want a lesson on how to thrive could learn from books inc. >> we had almost everything that came down the pike that could flatt
now here in california, amazon is building two giant warehouses. including this one near los angeles. it is a million square feet, and for the old-fashioned retailers, it is another reason to worry. why? because amazon's goal is to get items to customers faster and to be able to offer same day delivery. that's right. you can avoid stores if you want, and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates...
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so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, maybe even the social security entitlement program and to do it now? >> social security doesn't add one penny to the deficit. it's a separate trust fund. i believe it needs reform over a long period, but it should be done separately from this showdown over the fiscal cliff. medicare as i mentioned will run out o
so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do...
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so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real not possible to make any real progress witho - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum. so that when you find the job you want you'll be a perfect fit. let's get to work. sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it
so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do...
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and if, as most observers believe, they decide not to hear the california proposition 8 case, it may mean that as early as next week same-sex marriage will be legal again in california. >> it's a big day to come visit us tomorrow and find out what happens. thanks for being here. >> we have to leave it there. gentlemen, thank you for being with us. carol costello takes it away. cnn "newsroom" starts now. good morning. >>> happening now in the newsroom, president obama meets up with one-time rival mitt romney for lunch at white house. could a solution to the fiscal cliff be on the menu? live report from washington straight ahead. >> plus this -- stunning video out of syria, rebels cheer after a military helicopter is shot down. what does it mean for the united states? >>> drones. we know the military uses them. well, get ready for drones possibly buzzing your house. >>> and forget steroids. adderall is the new p.e.d. and four nfl players are suspended. >>> cup of joe, only one question left. something you would buy? >> no, not at all. >> "newsroom" starts now. >> good morning to you. t
and if, as most observers believe, they decide not to hear the california proposition 8 case, it may mean that as early as next week same-sex marriage will be legal again in california. >> it's a big day to come visit us tomorrow and find out what happens. thanks for being here. >> we have to leave it there. gentlemen, thank you for being with us. carol costello takes it away. cnn "newsroom" starts now. good morning. >>> happening now in the newsroom, president...
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today rice is up on capitol hill. she's explaining what happened and some big-name republicans clearly are not very happy with her answers. our senior congressional correspondent dana bash is following what's become a pretty long day -- a tiring day for the u.s. ambassador to the u.n. what's the latest, dana? >> reporter: wolf, the three republican senators who had vowed to block susan rice from being secretary of state if the president nominates her had really softened the rhetoric in recent days. i'm told the reason for that was because it was a curtesy in order for them to wait until they had a face-to-face meeting with her which was today. after that meeting their criticism was harsher than ever. the way these grim-faced gop senators tell it, susan rice's attempt to calm their criticism backfired. >> we are significantly troubled by many of the answers that we got and some that we didn't get. >> i'm more disturbed now than i was before. >> reporter: rice requested to meet with her chief republican critics in order
today rice is up on capitol hill. she's explaining what happened and some big-name republicans clearly are not very happy with her answers. our senior congressional correspondent dana bash is following what's become a pretty long day -- a tiring day for the u.s. ambassador to the u.n. what's the latest, dana? >> reporter: wolf, the three republican senators who had vowed to block susan rice from being secretary of state if the president nominates her had really softened the rhetoric in...
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starting out with number 22. right after that. 32 here's a picture of joseph and sally from ill paso texas. next number up is 37. then 44. we're going to round it out this evening with 50. now for tonight's winning ball number and for the jackpot it is the number 34. >> the next drawing is on wednesday night. good luck, everyone. >>> the fiscal cliff is fast approaching with congress getting back to business this week, is there new hope that a deal can get done? >>> and hopefully congress will be able to avoid a scene like this one. a close-up view of mayhem at the mall during black friday. what do you got? restrained driver in a motor vehicle. sir, can you hear me? two, three. just hold the bag. we need a portable x-ray, please! [ nurse ] i'm a nurse. i believe in the power of science and medicine. but i'm also human. and i believe in stacking the deck. [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. [ female announcer ] to nurses everywhere, you see us, at the start of the day. on
starting out with number 22. right after that. 32 here's a picture of joseph and sally from ill paso texas. next number up is 37. then 44. we're going to round it out this evening with 50. now for tonight's winning ball number and for the jackpot it is the number 34. >> the next drawing is on wednesday night. good luck, everyone. >>> the fiscal cliff is fast approaching with congress getting back to business this week, is there new hope that a deal can get done? >>> and...
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the eex could not -- eagles could not hold on to the ball and lost 30-22. they haven't won sent september. the owner has been "supportive." >>> detroit lions's at defensive tackle ndamukong suh will not be suspended for kicking a player in the groin. there will be a possible fine for the thanksgiving day game kick. on monday suh said the text angelsed nev e-- the texans wour have someone like it on their team. >>> the nets hosting the knicks for the first time. jay-z and beyonce in the house. the game was rescheduled after superstorm sandy hit. there they are. more nets than knicks fans showed up. the new kids on the block won this battle in new york in overtime, 96-89. the teams are tied atop the atlantic division. that's sports this morning. >>> the next hour of cnn "newsroom" starts right now. >>> happening in the newsroom, u.s. soldier bradley manning charged with document dumping on wikileaks is now accusing the united states military of torture, and it could be his get out of jail free card. >>> walking out on walmart. a congressman-election joins the
the eex could not -- eagles could not hold on to the ball and lost 30-22. they haven't won sent september. the owner has been "supportive." >>> detroit lions's at defensive tackle ndamukong suh will not be suspended for kicking a player in the groin. there will be a possible fine for the thanksgiving day game kick. on monday suh said the text angelsed nev e-- the texans wour have someone like it on their team. >>> the nets hosting the knicks for the first time. jay-z...